Citigroup Boosts Ecovyst (NYSE:ECVT) Price Target to $13.00

Ecovyst (NYSE:ECVT) had its target price upped by Citigroup from $12.00 to $13.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 14.19% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. KeyCorp lifted their price target on shares of Ecovyst from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Friday. Wall Street Zen raised Ecovyst from a “hold” rating to a “buy” rating in a research report on Monday. BWS Financial reiterated a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a report on Friday, January 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $12.80.

Ecovyst Price Performance

NYSE:ECVT traded up $0.12 during mid-day trading on Monday, hitting $11.39. 754,113 shares of the company’s stock traded hands, compared to its average volume of 1,318,712. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.07 and a current ratio of 2.25. The company has a market cap of $1.30 billion, a PE ratio of -18.36, a price-to-earnings-growth ratio of 1.45 and a beta of 1.17. The firm’s 50 day simple moving average is $10.77 and its 200 day simple moving average is $9.46. Ecovyst has a 1 year low of $5.24 and a 1 year high of $12.33.

Ecovyst (NYSE:ECVT) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.07. The company had revenue of $199.43 million during the quarter, compared to the consensus estimate of $184.85 million. Ecovyst had a positive return on equity of 9.17% and a negative net margin of 9.27%.Ecovyst’s revenue was up 33.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. Ecovyst has set its FY 2026 guidance at 0.450-0.650 EPS. Sell-side analysts expect that Ecovyst will post 0.44 EPS for the current year.

Institutional Investors Weigh In On Ecovyst

A number of institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in Ecovyst during the 3rd quarter valued at approximately $48,000. CWM LLC boosted its holdings in shares of Ecovyst by 63.0% during the second quarter. CWM LLC now owns 5,946 shares of the company’s stock valued at $49,000 after acquiring an additional 2,298 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Ecovyst by 1,769.9% during the second quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock valued at $51,000 after acquiring an additional 5,823 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Ecovyst during the third quarter worth about $87,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Ecovyst in the 3rd quarter worth about $89,000. 86.69% of the stock is currently owned by institutional investors.

About Ecovyst

Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.

The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.